SBA Restaurant Revitalization Fund Applications Opening

SBA Restaurant Revitalization Fund Applications Opening

by Redpath and Company

April 30, 2021 - The Small Business Administration has announced that the Restaurant Revitalization Fund will open for registration by qualifying restaurants on April 30 at 9 am EST, with these same restaurants able to submit applications beginning May 3 at noon EST.

The initial 21 days of the program will see priority granted to small businesses owned by women, veterans, and individuals disadvantaged socially and/or economically; followed by funding for all eligible applications on the basis of first-come, first-serve.

The agency is recommending that all eligible entities submit applications as soon as the portal opens through either a third party, point of sale vendor recognized by the SBA, or through the SBA itself. To verify eligibility and see a sample application, you can visit the following resources:

Click here for a more detailed overview of entity eligibility, the application process, and calculations.

Click here for SBA Restaurant Revitalization Funding Sample Application.

Redpath and Company

Redpath and Company

Redpath and Company help clients make more informed decisions that contribute to their financial well-being by providing proactive, innovative, and value-driven CPA and advisory services for closely-held businesses, private equity, government entities, and nonprofit organizations. Core commercial industries served include retail, manufacturing, distribution, construction, real estate, engineering, and technology. Areas of service expertise include audit and assurance; personal, business, and international tax; state and local tax; sales and use tax; and succession and estate planning. Redpath also guides clients throughout the entire business life cycle with M&A advisory services (corporate and deal strategy, transaction support, and integration); accounting and financial management outsourcing; and valuation services. The firm was founded in 1971 and is employee owned (ESOP). With offices located in St. Paul and White Bear Lake, Minnesota, the firm ranks as one of the top CPA and advisory firms in Minnesota and is a top 120 firm nationally. Redpath is a member of HLB International, a global network of independent advisory and accounting firms. For more information, visit www.redpathcpas.com.